OceanPal Inc. (NASDAQ:OP – Get Free Report)’s share price dropped 5.6% on Friday . The company traded as low as $1.46 and last traded at $1.50. Approximately 143,479 shares changed hands during trading, a decline of 82% from the average daily volume of 792,879 shares. The stock had previously closed at $1.59.
OceanPal Trading Down 5.6%
The stock’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.05. The stock has a market capitalization of $11.27 million, a P/E ratio of -0.57 and a beta of 1.29.
OceanPal (NASDAQ:OP – Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported ($0.50) earnings per share for the quarter. OceanPal had a negative net margin of 69.50% and a negative return on equity of 14.59%. The firm had revenue of $5.78 million for the quarter.
About OceanPal
OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.
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